Inspire Investing LLC Takes Position in Liberty Broadband Co. (NASDAQ: LBRDA)
Inspire Investing LLC bought a new position in shares of Liberty Broadband Co. (NASDAQ: LBRDA – Get a rating) in the first quarter, according to the company in its latest SEC filing. The company purchased 2,653 shares of the company, valued at approximately $348,000.
A number of other hedge funds have also recently changed their positions in the stock. Covestor Ltd purchased a new stake in Liberty Broadband during Q4 for a value of approximately $25,000. Moors & Cabot Inc. acquired a new stake in shares of Liberty Broadband in the third quarter at a value of $27,000. Allworth Financial LP increased its stake in shares of Liberty Broadband by 180.0% in the fourth quarter. Allworth Financial LP now owns 210 shares of the company valued at $34,000 after buying an additional 135 shares last quarter. Wahed Invest LLC bought a new position in shares of Liberty Broadband in the fourth quarter worth about $45,000. Finally, Western Pacific Wealth Management LP acquired a new position in Liberty Broadband during Q4 worth approximately $56,000. 11.67% of the shares are held by hedge funds and other institutional investors.
In related news, the director J-David Wargo acquired 300 shares of the company in a transaction that took place on Tuesday, May 10. The shares were acquired at an average price of $110.76 per share, for a total transaction of $33,228.00. Following the completion of the acquisition, the director now owns 32,214 shares of the company, valued at approximately $3,568,022.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders own 7.63% of the company’s shares.
Shares of NASDAQ LBRDA opened at $117.16 on Tuesday. Liberty Broadband Co. has a 1-year minimum of $99.52 and a 1-year maximum of $188.76. The company’s 50-day moving average is $112.83 and its 200-day moving average is $131.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt ratio of 0.42. The company has a market capitalization of $19.07 billion, a PE ratio of 21.42 and a beta of 1.04.
Broadband Freedom (NASDAQ: LBRDA – Get an assessment) last reported quarterly earnings data on Friday, May 6. The company reported earnings per share of $1.77 for the quarter. Liberty Broadband had a net margin of 99.93% and a return on equity of 9.79%. The company had revenue of $238.00 million for the quarter. As a group, equity research analysts expect Liberty Broadband Co. to post earnings per share of 16.31 for the current fiscal year.
A number of stock analysts have recently released reports on LBRDA shares. Benchmark reduced its target price on Liberty Broadband shares to $201.00 in a Friday, May 20 research report. TheStreet downgraded Liberty Broadband from a “b-” rating to a “c+” rating in a Wednesday, May 11 report. Finally, Deutsche Bank Aktiengesellschaft lowered its target price on Liberty Broadband from $196.00 to $158.00 in a Tuesday, May 10 research note.
Liberty Broadband profile (Get a rating)
Liberty Broadband Corporation is engaged in the communications sector. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice and managed services to residential customers, businesses, government entities and educational and medical institutions primarily in Alaska under the GCI brand.
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